BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Update

Key Points

• Short interest in BlackRock MuniVest Fund II decreased significantly by 73.0% in September, totaling only 5,000 shares compared to 18,500 shares at the end of August.
• Institutional investors made notable changes to their positions, with a combined 34.19% of the stock currently held by hedge funds and other institutional entities.
• The fund declared a monthly dividend of $0.054 per share with an annualized yield of 6.1%, payable on October 1st to stockholders of record as of September 15th.

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - ) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,000 shares, a drop of 73.0% from the August 31st total of 18,500 shares. Based on an average daily trading volume, of 56,500 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 56,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. purchased a new position in BlackRock MuniVest Fund II during the 1st quarter valued at about $1,597,000. Advisors Asset Management Inc. lifted its stake in BlackRock MuniVest Fund II by 28.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider's stock valued at $4,604,000 after buying an additional 98,890 shares in the last quarter. Mackay Shields LLC acquired a new stake in BlackRock MuniVest Fund II during the 1st quarter valued at $694,000. Karpus Management Inc. increased its position in BlackRock MuniVest Fund II by 19.5% during the second quarter. Karpus Management Inc. now owns 398,165 shares of the financial services provider's stock worth $4,109,000 after buying an additional 65,037 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. increased its position in BlackRock MuniVest Fund II by 69.4% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 73,069 shares of the financial services provider's stock worth $772,000 after buying an additional 29,947 shares in the last quarter. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Stock Performance

MVT opened at $10.66 on Wednesday. The stock's 50 day simple moving average is $10.35 and its 200 day simple moving average is $10.27. BlackRock MuniVest Fund II has a 1-year low of $9.71 and a 1-year high of $11.50.

BlackRock MuniVest Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, September 15th.

BlackRock MuniVest Fund II Company Profile

BlackRock MuniVest Fund II, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term municipal bonds exempt from federal income taxes. BlackRock MuniVest Fund II, Inc was formed on March 29, 1993 and is domiciled in United States.

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